Currency snapshot (commodity pairs)

Dollar index trading at 93.28 (+0.06%)

Strength meter (today so far) – Aussie -0.36%, Kiwi +0.23%, Loonie -0.15%

Strength meter (since last week) – Aussie -0.49%, Kiwi +0.82%, Loonie -1.13%

AUD/USD –

Trading at 0.758

Trend meter –

• Long term – Range/Buy, Medium term – Buy, Short term – Range/Sell

Support –

• Long term – 0.746, Medium term – 0.75, Short term – 0.765 (broken)

Resistance –

• Long term – 0.825, Medium term – 0.8, Short term – 0.78

Economic release today –

• NIL

Commentary –

• Aussie is down this week as the dollar recovers.

NZD/USD –

Trading at 0.691

Trend meter –

• Long term – Sell, Medium term – Sell, Short term – Range/Sell

Support –

• Long term – 0.66, Medium term – 0.68, Short term – 0.69 (testing)

Resistance –

• Long term – 0.76, Medium term – 0.76, Short term – 0.725

Economic release today –

• Building permits data for October will be released at 21:45 GMT.

Commentary –

• Kiwi is consolidating around 0.69 area and is likely to decline towards 0.64 area. It is the best performer of the week.

 USD/CAD –

Trading at 1.283

Trend meter –

• Long term – sell, Medium term – sell, Short term – Range/Buy

Support –

• Long term – 1.2, Medium term – 1.22, Short term – 1.246

Resistance –

• Long term – 1.355, Medium term – 1.32, Short term – 1.28 (testing)

Economic release today –

• NIL

Commentary –

• Loonie is down this week on lower exports of crude oil amid lower price of West Canada Select.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest